Account

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JWT Kolkata has emerged as the winner of the Peerless General Finance & Investment Co. Ltd account. The win for JWT Kolkata comes after a pitch against several leading agencies like Bates, Lowe and O&M. A web site report said that the campaign is in the early stages of planning and implementation and budget allocation has not been completed yet. The company will be using mass media vehicles to provide reach and impact for the corporate image...

KOLKATA: Sometimes, it pays to maintain a low-profile pitch for an account, follow-up on the presentation, bag the client and then talk, albeit softly, about the win. This is exactly what Sobhagya has now done after winning the coveted account of Visaka Industries Ltd. The Hyderabad-based industrial group, with interests in several areas, will be shortly breaking into the media (of Eastern India), according to Srenik Sett, director, Sobhagya Advertising. Says an excited Sett, "We are extremely happy that we could bag the account (of Visaka)

NEW DELHI: Diversified communication group Madison World on Monday said the company has bagged the contract for handling the account of apparel major Levi Strauss and Company. The company would take care of Levi's media, PR, outdoor, below the line (BTL) and celebrity/entertainment portfolio, Madison World said in a statement. Levi's has appointed Madison for all its brand including Levi's, Dockers and Levi's Signature, it added. "We are delighted that yet another global, highly regarded and pedigreed brand has chosen Madison.

KOLKATA: ICICI Pru Life, has roped in WPP group media agency, Mindshare India, to handle its media buying and planning job. In a closely contested pitch that attracted nine agencies into the fray, Mindshare finally pipped Lowe's media arm, Initiative to the post. However, the creative account continues to be handled by Lowe. Initiative was handling ICICI Pru Life's media duties earlier. With an estimated media budget of Rs 20 crore this year, it now joins the ranks of big ticket media accounts in the corporate sector.

KOLKATA: ICICI Pru Life, has roped in WPP group media agency, Mindshare India, to handle its media buying and planning job. In a closely contested pitch that attracted nine agencies into the fray, Mindshare finally pipped Lowe's media arm, Initiative to the post. However, the creative account continues to be handled by Lowe. Initiative was handling ICICI Pru Life's media duties earlier. With an estimated media budget of Rs 20 crore this year, it now joins the ranks of big ticket media accounts in the corporate sector.

MUMBAI: State Bank of India on Friday introduced the facility of a resident foreign currency (domestic) account in 50 branches across the country. The facility for RFC (domestic) account would be available in three currencies - US dollar, pound sterling and euro - the country's largest bank said in a release here. The minimum balances specified for three currencies were $500, £250 and ?500, it said, adding there would be no upper ceiling for balances held in such accounts, which come with a cheque book facility.

Triton Communications, Delhi has been awarded the advertising business (both creative and media) for the up-and-coming juice cafe chain Amoretto's. The business was earlier with Euro RSCG. The juice cafe is touted as "a non-alcoholic mocktails, cocktails and shocktails bar", and promoting the Amoretto's fruit juice and smoothies would be the primary objective in the new communication plan, a web site report said. To begin with, print and radio will largely make up the media plan. Amoretto's Juice Cafes offer fresh fruit-based juices including pineapple, green apple, papaya, carrot, melon, as well as nutritious smoothies, frozen fruit frappes, Spirulina and wheatgrass shots and light, healthy food.

Money held in bank deposits and accounts in the name of a deceased person has to be transferred to those entitled to receive it. Banks require a claim to be filed for the same. The settlement of the claim will depend on the type of account (single or joint), mode of operation and status of the account. The RBI has issued circulars to simplify the procedure for settlement of claims for accounts with nominations and survivorship clauses such as "either or survivor", "anyone or survivor", "former or survivor" or "latter or survivor".

Is the external account more manageable? Yes. In dollar dealings, India's external account has never been in better health. One year into Modi government, foreign exchange reserves are at record high, inflows have picked up and current account deficit is under control. Though repair work began under the then finance minister P Chidambaram in 2012, the decline in the crude prices has been the real game changer. ET explains

The government gives non-resident Indians (NRI) the opportunity to open rupee-dominated accounts in India for repatriating funds. The most popular among these are the NRE and NRO accounts. Simply put, an NRE (non-resident external) accounts gives an individual the opportunity to deposit money earned from abroad. It can be either in the form of a savings or current or term deposit account. Apart from the account holder, a resident can also operate the NRE account for making local payments as long as he has the power of attorney.